Janney Montgomery Scott LLC cut its stake in Valero Energy Co. (NYSE:VLO) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,240 shares of the oil and gas company’s stock after selling 12,115 shares during the period. Janney Montgomery Scott LLC’s holdings in Valero Energy were worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Strategic Wealth Partners Ltd. grew its position in Valero Energy by 876.2% in the fourth quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 368 shares during the period. Baystate Wealth Management LLC grew its position in Valero Energy by 51.4% in the fourth quarter. Baystate Wealth Management LLC now owns 642 shares of the oil and gas company’s stock worth $53,000 after acquiring an additional 218 shares during the period. First Mercantile Trust Co. grew its position in Valero Energy by 66.0% in the fourth quarter. First Mercantile Trust Co. now owns 780 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 310 shares during the period. We Are One Seven LLC purchased a new position in Valero Energy in the fourth quarter worth approximately $63,000. Finally, Winslow Evans & Crocker Inc. grew its position in Valero Energy by 15.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,142 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.
VLO has been the subject of several analyst reports. Citigroup lowered their price objective on Valero Energy from $134.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, October 16th. Goldman Sachs Group lowered Valero Energy from a “neutral” rating to a “sell” rating in a research report on Friday, October 19th. Wells Fargo & Co lowered their price objective on Valero Energy from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Raymond James lowered their price objective on Valero Energy from $141.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. Finally, Morgan Stanley lowered their price objective on Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. Valero Energy has an average rating of “Buy” and a consensus target price of $112.01.
VLO opened at $84.14 on Monday. Valero Energy Co. has a 52 week low of $68.81 and a 52 week high of $126.98. The firm has a market cap of $35.70 billion, a PE ratio of 11.42, a PEG ratio of 1.41 and a beta of 1.14. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.03 by $1.09. Valero Energy had a return on equity of 13.60% and a net margin of 2.67%. The business had revenue of $28.73 billion during the quarter, compared to analyst estimates of $23.26 billion. Equities research analysts predict that Valero Energy Co. will post 7.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 13th will be given a dividend of $0.90 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Tuesday, February 12th. Valero Energy’s dividend payout ratio (DPR) is currently 43.42%.
In other news, Director Randall J. Weisenburger purchased 25,000 shares of the stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average cost of $72.74 per share, for a total transaction of $1,818,500.00. Following the completion of the transaction, the director now directly owns 53,717 shares in the company, valued at approximately $3,907,374.58. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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